Switzerland to address its 'integrity' over financial crime with new ownership register   

Mark Battersby
clock • 2 min read

The Swiss government revealed plans on 12 October to create a central register to identify beneficial owners of legal entities in a bid to increase transparency and tackle money laundering and other financial crimes.  In a statement, the Federal Council said it had instructed the Federal Department of Finance (FDF) to draft bill by the second quarter of 2023.  "In this way, it wishes to strengthen prevention and prosecution in the area of financial crime, and in turn the integrity and reputation of Switzerland as a financial centre and business location", it said.  In December 2021...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login